HMRC Admin 32 Response

Hi,

Yes, it means in the period 06 April to 05 April for the tax year, you want to review.

Hi,

Under Article 18 of the Double Taxaton Treaty, the lump sum is only taxable in Switzerland.

Thank you.

Hi,

If registered a week ago the timescale for a reply is 9 October. If you have an online account once registered for Self Assessment your UTR will be shown onine. 

Thank you.

Hi,

1. If you qualify for split year then you only report any foreign income for the UK part of the year.
   
   RDRM12000 - Residence: The SRT: Split year treatment
   
   If you do not qualify then you will need to report all your foreign income to the UK.
   
   Tax on foreign income
   
   The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies.                                                                                                                                                                                                                         
2. You show the gross rental income from the date you arrived in the UK and then claim the agent fees as an expense.                                                                                                                     
3. Yes, you need to report this.       
                                                                          
4. Yes, as it will have been sold for more than £49200

Thank you.

Hi,

You would need to contact our Income Tax team to review the code.

Income Tax: general enquiries

Thank you.

Hi,

No. The whole return including all supplementary pages must be submitted together. If submitting by paper you have until 31 October 2023 and if online 31 January 2024. As the SA109 is not supported by HMRC software you will be required to purchase 3rd party software if submitting online.  

Self Assessment commercial software suppliers

Thank you.

Hi,

As most of the items will be sold for less than what you paid for them, there will be no profit made and you do not need to declare this income. On the rare occassion that something sells for higher than cost price, this will be covered by the 'losses' from the other items sold.

Thank you.

Hi,

You wont do this until after 6 April 2024.

Thank you.

Hi,

Unfortunately we cannot comment on future events as legislation and plans may change.

Thank you.

Hi,

Please refer to:

Tax on your UK income if you live abroad

Thank you.